The world's largest music company that represents artists such as Taylor Swift, Billie Eilish and Lady Gaga, said in her statement that she made a statement to the American financial markets regulator, securities and stock exchanges (SEC).
See also: That's what the famous Taylor Swift concert tour has earned. Huge amount
“The number of ordinary shares to be offered, and the price range of the proposed offer has not yet been established,” explained Universal Music Group in a statement that Euronews cites.
The company is both American and Dutch, based in the headquarters in Hilversum in the Netherlands and the operational seat in Santa Monica in the American state of California.
UMG announced in January that he is planning to enter the US stock exchange after pressure from the main investor of the Pershing Square Hedge Fund.
Billionaire Bill Ackman, who runs Pershing Square, argued that Entrance to the USA stock exchange would significantly increase the value of UMG.
Universal Music Group submits an application to enter the USA stock exchange
This movement occurred when the two main American action indexes – S&P 500 and Nasdaq Composite – closed on Monday at new record levels. As EURONEWS notes, stock markets are still reflecting after a short decline caused by the fears caused by the tariff policy of President Donald Trump.
The company, which is already listed in the Netherlands, has a stock market valuation of almost EUR 50 billion.
Billie Eilish, Ariana Grande and Harry Styles were also among the international stars of musical power.
See also: Taylor Swift with the richest music artist in the world. Only one musician is ahead of her
The global music conglomerate is the owner of the main record labels, including Motown Records, which was home to Marvin Gaye and Michael Jackson. He is also the owner of the Capitol Music Group, which includes the Beatles and Katy Perry as his artists.
In 2024, the UMG was involved in the dispute with Tiktok about Tantiema. As a result of the dispute, the music of the UMG was muted or removed from the social media platform until both companies reached an agreement in May this year.
